FX:SPX500   S&P 500 index of US listed shares
518 12 7
target 1074 (200 sma+alt bat+1 fib).
macd sell+low volume +bearish deep crab from 1.618 fib, no new high last week.
Hi, although I don't use advanced patterns as a rule I do agree there is a big potential out there for a major pullback and Brexit might be the catalyst to start it. Here is an idea I published a couple months back.
Is the S&P 500 due for 50% correction?
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julia17 nahidik
thank you for sharing, quite possible target.
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target gap fill from dec 2012- jan 1st 2013 below 1480 = your .618 retracement.
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julia17 Reekardo
may be, also see this possible level.
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According to the designed pattern I would agree, BUT never forget the power of the central bankes (PPT). So I doubt we will go down more than 5% from here.
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julia17 masala
will see levels next week , if hold 2050-2060 as resistance, may see 1825 then some bounce.
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Mark this comment. You will never see sub 1,500 on SPX again.
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i try not to use word "never.
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PKA PRO julia17
Inflation, we'll be lucky to retest the 00 and 08 tops. Imo downside is to 1,600-1,700 before up. It's not like we'll see $5 silver again either.
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i see, well, may be. i just trade patterns. By the way your level is on 50 sma, my is on 200 sma.let's see.Good luck!
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